Bank
Economy
Goldman Sachs to Pay $215MN to Resolve Gender Discrimination Lawsuit
Goldman Sachs has recently agreed to pay a sum of $215 million to resolve a lawsuit brought against them by around 2,800 female employees.
The employees claimed that they were paid less than their male counterparts at the company. This...
USA
Bank Employee Kills Five in Mass Shooting in Louisville, Kentucky
A new mass shooting rocked the US on Monday as a 23-year-old bank employee armed with a rifle shot dead five colleagues and wounded nine other people at his workplace in Louisville.
The gunman live-streamed the attack on social media,...
Economy
Silicon Valley Bank Shut Down By US Regulators As Domino Effect Looms
Silicon Valey Bank, a tech startup-focused lender, was shut down by US regulators, in what is described as the largest failure since 2008.
Business
Credit Suisse Leaks Indicate Clients Had Corruption, Drug Trafficking Ties
Credit Suisse managed accounts for clients involved in corruption and drug trafficking, Sunday's "Suisse Secrets" data leak showed.
A self-described whistle-blower leaked data on more than 18,000 bank accounts, collectively holding more than $100 billion, to the German newspaper Süddeutsche...
Business
Piraeus Bank Joins Multi-Million-Euro Investment Program for Greek Infrastructure
Piraeus Bank, Greece's biggest lender, announced on Wednesday that it will support a new 650-million-euro ($716 million) infrastructure investment program developed by the Hellenic Ministry of Development and Investments and the European Investment Bank.
Piraeus Bank will initially use 32...
Greece
Greece–U.S. Sign Deal on Tax Compliance and Foreign Bank Accounts
Finance Minister Euclid Tsakalotos and U.S. Ambassador to Greece Geoffrey Pyatt signed on Thursday a bilateral agreement to improve international tax compliance and the implementation of the law on Foreign Account Tax Compliance Act (FATCA), as well as the...
Economy
Bank Deposits Drop in July After a Two Month Rise
Bank deposits in Greece dropped slightly in July after a rise in the previous two months, according to data released by the Bank of Greece on Friday.
The central bank showed a drop in business and household deposits by 122.58 billion...
Economy
Greek Bank Capital Controls On the Road to Being Lifted
The Bank of Greece and European authorities are taking the first big step to ease capital controls that were first imposed on June 18, 2015, prior to the agreement of a third bailout deal between Greece and its creditors....
Greece
65-Year-Old Woman Reduces her Debt by 85%
The Local Court of Vamos has decided to reduce a 65-year-old woman's debt by 85%. The woman, who could not manage to repay her 26,000 euro debt, referred to the Cretan Consumers Union and managed to fall under the...
Business
Stournaras: Eurogroup Deal on May 24 Could See Lifting of Capital Controls
Bank of Greece Governor Yiannis Stournaras said that capital controls will be lifted if a deal is made at the Eurogroup on May 24. He said that an agreement between Greece and its creditors would herald an end to...